DIRS.INFO The most relevant business & tech news

☆ Generative AI is bringing back cloud demand after IT budgets were slashed, and this boom could be a big win for Amazon, analysts say
▼ + stars: | 2023-07-10 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Deal cycles are back to closing at about 30 to 60 days in Q2, a Mizuho Bank report said. The demand for generative AI, which operates in the cloud, has driven the stabilization. The big cloud-computing budget cut could be subsiding thanks to generative AI, and Amazon Web Services could benefit massively, according to a new survey of CIOs from Mizuho Bank. CIOs who were focused on trimming cloud budgets in the first quarter are now looking to spend those savings on generative AI. Customers are especially excited about Bedrock, Amazon's foundational model for developers to build generative AI on, because of its privacy features, the survey said.

Persons: CIOs, Mizuho, Bernstein, Bard Organizations: Mizuho Bank, Amazon Web, Mizuho Bank's, AWS, Microsoft, Google, Analysts Locations: Mizuho, OpenAI

☆ Microsoft and Google will be the biggest short-term beneficiaries of A.I., says Jefferies' Brent Thill
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft and Google will be the biggest short-term beneficiaries of A.I., says Jefferies' Brent ThillJefferies' Brent Thill joins 'Squawk on the Street' to discuss cloud consolidation impacting AWS's path to recovery, pricing in A.I. 's impact, and the growth trajectory for tech's magnificent seven.

Persons: Jefferies, Brent Thill Jefferies, Brent Thill Organizations: Microsoft, Google

☆ Leaked document shows Amazon is in talks to expand its cloud contract with the Dutch government. It just passed a major privacy test, too.
▼ + stars: | 2023-06-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon and the Dutch government are in talks to significantly expand the cloud deal between them. Amazon just passed an important data privacy test by the Dutch government. Amazon Web Services is in discussion to significantly expand its cloud contract with the Dutch government. The deal talks are taking place in the midst of a series of Dutch audits over AWS's data privacy measures, according to the document. Last week, AWS passed the Dutch government's Data Privacy Impact Assessment (DPIA), a key part of complying with Europe's General Data Protection Regulation, known as GDPR.

Persons: Amazon's, Eugene Kim Organizations: Amazon, Dutch Ministry of Justice, AWS, Security, Data, New York Times Locations: Government

☆ I got a job at Amazon without a college degree. 5 years later, I lead an AWS team, bought a home, and have zero student debt.
▼ + stars: | 2023-06-14 | by ( Fidel Contreras | ) www.businessinsider.com time to read: +7 min

Fidel Contreras is a data center operations lead at Amazon Web Services (AWS). Contreras applied to an AWS technical learning program and started as an apprentice at age 18. Five years and one promotion later, I now lead a team of data center operations technicians. I take advantage of ongoing AWS skills trainings, like the Cloud Practitioner and Solution Architect courses. Fidel Contreras is a data center operations lead at Amazon Web Services (AWS).

Persons: Fidel Contreras, Contreras, I'd, It's, —, there's Organizations: Amazon Web Services, Morning, Amazon, AWS's East, AWS, Cloud Practitioner Locations: America, AWS's East Oregon

☆ Apple's Vision Pro isn't just a 'headset,' stupid — it represents the next big frontier of spatial computing
▼ + stars: | 2023-06-09 | by ( Peter Csathy | Fearless Media | ) www.businessinsider.com time to read: +8 min

He writes that Apple's latest $3,500 gadget is not just a VR "headset," but a bigger tech opportunity: spatial computing. Apple at long last revealed its long-anticipated "next big thing" — its Vision Pro — two days ago at its annual WWDC. "Minority Report" come to lifeViewed with the broader lens it deserves, however, Apple's Vision Pro represents so much more. It represents the dawn of an entirely new mass market and transformational tech opportunity of so-called "spatial computing." Spatial computing is essentially the film "Minority Report" come to life, three-dimensional computing divorced from the confines of physical screens.

Persons: Peter Csathy, Nanea Reeves, Tim Cook, Ralph Lauren, Joanna Popper, Bob Cooney, Evan Helda, Pierre, Stuart Rostain, Amy Allison, Tripp, Mark Zuckerberg, Apple's, Steve Jobs, Cook, Bob Iger, Jobs, Iger, Read Organizations: Creative Media, Morning, Fearless Media, Apple, CAA, Barnum, Amazon, Spatial Computing, European VRDays Foundation, Women, Disney, Pixar, Creativie Media Locations: Malibu, Netherlands

Google and the generative AI startup Runway have a huge new cloud computing contract. Google and Runway have a major new contract that provides the generative AI startup will millions of dollars in cloud services and related credits. Recently, Runway raised $100 million at a $1.5 billion valuation from a top cloud provider, Insider reported. Cloud giants like Google Cloud, Amazon Web Services, and Microsoft have also run startup programs for years that provide free cloud credits. Previously, Google Cloud salespeople even expressed concern they wouldn't be able to match AWS's offer of free cloud credits to startups.

Persons: there's, Airbnb, Pinterest Organizations: Google, Runway, Lux Capital, Web Services, Microsoft, AWS Locations: OpenAI

☆ Wall Street analysts say Amazon is still a buy, but investors should ‘stay patient’ on AWS
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Amazon is still a buy after its latest earnings results, even with some weakness in Amazon Web Services, according to Wall Street analysts. The online retail stock initially jumped Thursday night after Amazon reported better-than-expected revenue in its first quarter . Amazon shares were last down about 1% in the premarket. AMZN 1D mountain Amazon shares 1-day However, analysts stayed bullish long term on Amazon, citing continued upside in retail, but they urged investors to "stay patient" on AWS and look toward the long-term opportunity in cloud services. Meanwhile, Goldman Sachs' Eric Sheridan reiterated his buy rating on Amazon, and raised his 12-month price target to $165 from $145.

☆ Amazon is the growth laggard of the cloud industry now
▼ + stars: | 2023-04-28 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Amazon said cloud revenue trended down by 500 basis points in April, suggesting year-over-year growth of 11%. The three largest cloud companies reported results in recent days and the growth picture for Amazon Web Services is, well, cloudy. Microsoft's Azure cloud unit grew sales by 31% year over year in the first quarter, while Google Cloud reported a 28% increase. So that suggests a year-over-year growth rate of just 11% for the early part of the second quarter. AWS is still the largest cloud provider, but if Microsoft continues to outgrow Amazon every quarter, the gap will narrow.

☆ Club meeting recap: Stocks gain, Eli Lilly, Amazon
▼ + stars: | 2023-04-28 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks head for winning week Discipline with Eli Lilly Stick with Amazon 1. Watch Eli Lilly The Club is looking to book some profits in pharmaceuticals giant Eli Lilly (LLY) when our trading restrictions are lifted. But the Club continues to see a bright future ahead for Eli Lilly, which raised its full-year outlook this week. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Amazon services AWS and Alexa back up after brief outage
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +1 min

April 16 (Reuters) - Amazon.com Inc (AMZN.O) said its cloud computing division Amazon Web Services (AWS) and its voice assistant service Alexa were back online after a brief outage on Sunday. Alexa was down for thousands of users in the United States, according to Downdetector, while hundreds of users reported issues with accessing AWS. Users also reported issues accessing Amazon's mobile app. Alexa is now operating normally, an Amazon spokesperson told Reuters in an email. AWS on its website said services have recovered from an issue in which AWS users were unable to complete the account signup process and were receiving error messages regarding their billing console.

☆ Amazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
▼ + stars: | 2023-04-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +38 min

Further, as machine learning adoption has continued to accelerate, customers have yearned for lower-cost GPUs (the chips most commonly used for machine learning). While some areas of the economy have struggled over the past few years, Amazon Business has thrived. Some people have never heard of Amazon Business, but, our business customers love it. For years, Amazon customers had asked us when we'd offer them an online pharmacy as their frustrations mounted with current providers. More recently, a newer form of machine learning, called Generative AI, has burst onto the scene and promises to significantly accelerate machine learning adoption.

☆ Amazon CEO Andy Jassy says he's confident he can get costs under control in shareholder letter
▼ + stars: | 2023-04-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +38 min

☆ Leaked Amazon all-hands messages suggest 'single-digit' percentage cuts to 180,000-employee AWS, which still means at least 1,800 could get laid off
▼ + stars: | 2023-03-21 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Amazon's latest round of layoffs will include "a small, single-digit percentage" of cloud employees. Employees hoped a cloud unit all-hands would shed some light, but it provided little information. Amazon's latest round of layoffs will include "a small, single-digit percentage" of the employees in the company's massive Amazon Web Services cloud unit, according to leaked internal messages and employees present at the unit's all-hands meeting. Amazon CEO Andy Jassy on Monday announced plans to cut 9,000 employees, on top of the 18,000 layoffs the company announced earlier this year. Employees hoped a cloud unit all-hands would shed light on the plans, but according to internal Slack messages and employees present on the call, AWS CEO Adam Selipsky revealed little beyond saying a single-digit percentage of the cloud unit would be impacted.

☆ Amazon just asked its software engineers to start using a new in-house AI tool, rather than ChatGPT
▼ + stars: | 2023-03-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon CEO Andy Jassy told employees last month that generative AI is a "significant area of focus" for the company. Amazon wants its engineers to start using its own ChatGPT-like artificial intelligence tool at work, as it looks to catch up in the AI chatbot space, Insider has learned. "Amazon CodeWhisperer is an AI-powered coding assistant that provides real-time recommendations in your IDE based on your existing code and comments," the email, titled "Start using Amazon CodeWhisperer today," said. The move signals Amazon's behind-the-scenes efforts to join the AI chatbot race, where it has been noticeably absent in the public space. He also said Amazon's investment in this space will only increase, highlighting the maturation of generative AI, which powers many of the AI chatbots.

☆ These charts show just how much cloud spending has slowed at Microsoft, Amazon, and Google
▼ + stars: | 2023-02-09 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

The slew of big tech earnings confirmed that cloud growth is slowing and no one is immune. Microsoft, Amazon, and Google all say customers are looking for ways to lower their cloud bills. These charts show just how much cloud growth slowed at the big three cloud providers. These charts show just how much cloud growth slowed at the big three cloud providers:When Microsoft reported earnings results, Wall Street was shocked to see just how much cloud spending had slowed. Microsoft CEO Satya Nadella acknowledged customers of Azure's cloud services were cutting spending, but said he's optimistic spending will bounce back.

☆ Amazon's AWS just notched its slowest growth in years. It expects customers to tighten their belts even more.
▼ + stars: | 2023-02-03 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +2 min

Amazon's cloud business is seeing a slowdown in growth as customers reduce spending. Amazon's execs say AWS growth will decline even further this quarter. All of that translates into less spend at Amazon Web Services, or AWS — Amazon's cash cow that brought in revenues of $21.4 billion last quarter. Analysts were expecting a slowdown in growth after Microsoft also reported slowing cloud growth last week. As corporate customers look to save money in an economic downturn, they want to cut their cloud costs, CEO Andy Jassy said.

☆ Amazon has only gotten started with its ambitions to be a serious player in healthcare. Here are 3 acquisitions it could make next year.
▼ + stars: | 2022-12-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

The next month, it abruptly announced it would shut down Amazon Care, its app-based primary-care service for employers, three years after launch. In November, Amazon launched Amazon Clinic, a virtual service where patients can pay Amazon directly to get treatment for common conditions like allergies and acne. Natalie Schibell, a vice president and research director at Forrester, said that was a sign Amazon had learned from its mistakes at Amazon Care. When Amazon shuttered Amazon Care, it put those mental-health ambitions on hold. Lennox-Miller said Amazon could buy health data startups the company had already invested in, like the health-equity-focused Harmony Health or the value-based-care data company Clinify Health.

☆ Amazon's cloud business just reported its slowest growth ever, and executives hinted it could get even worse
▼ + stars: | 2022-10-27 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's cloud business grew 27% in Q3, the slowest pace since disclosing that number in 2014. CFO Brian Olsavsky said the growth rate was even lower in the back-end of the third quarter. On Thursday, Amazon's cloud business reported a 27% revenue growth rate for the third quarter, the slowest expansion since the company started disclosing the number in 2014. During Thursday's analyst call, Olsavsky said AWS's growth rate decelerated as the third quarter progressed, falling down to the "mid-20% growth rate" in the latter part of the period. To help those customers, AWS is offering lower-priced options and a more cost-efficient chip processor service, he said.

☆ JPMorgan still sees Amazon as best investing idea ahead of third quarter earnings
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Even amid worry that the U.S. is facing n a recession that will hit retailers, Amazon remains JPMorgan's best idea ahead of its third quarter earnings results, due Thursday. Still, the firm is bullish on Amazon — it has an overweight rating and a $175 price target on the company. The company should also benefit from lower freight and fuel costs relative to the first half of the year, as well as further rationalization of heavy pandemic spending. The company has a goal of returning retail margin levels to what they saw before the coronavirus pandemic. Elsewhere, Anmuth is encouraged by the cloud service AWS's $100 billion backlog and sees solid growth for the sector going forward.

☆ I left Amazon to work for a climate-tech startup. I now wake up every day smiling — here's how I made the switch.
▼ + stars: | 2022-10-11 | by ( Holly Secon | ) www.businessinsider.com time to read: +9 min

Rotem Yossef spent seven years at Amazon before moving to ClimateAI, a tech startup. It's all hands on deck, all day, every day. Working for a startup offers more vertical career-growth potential: It's a pure meritocracy, free of politics and rigid hierarchical structures. Working in climate tech means that when I go to work, I continue to pursue the same values. Read, read, read — and understand the dynamics and implications of working for a startup and for a startup in the space you're aiming at.

☆ Andy Jassy officially starts as Amazon CEO today. Insiders describe his 'CHOP' meetings, micromanagement, and 'Nice' emails.
▼ + stars: | 2021-07-05 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +22 min

On July 5, Andy Jassy officially became Amazon CEO, succeeding Jeff Bezos, who steps into the position of executive chairman. When Amazon Web Services CEO Andy Jassy has a big decision to make, it usually comes at the Chop. "If you go to a Chop meeting with Andy, you better be ready," one former senior-level employee told Insider. Though he's one of the longest-serving executives at Amazon and a close confidant of CEO Jeff Bezos, Jassy still remains relatively little-known outside tech circles. Early on in the pandemic, Jassy told AWS employees that "the world is relying on Amazon," according to an email seen by Insider.

Persons: Andy Jassy, Jeff Bezos, Jassy, Andy, —, Dan Ives, Bezos, It's, Jassy's, Steve Ballmer, Satya Nadella, Travis Kalanick, he's, Dave Matthews, Rothschild, Scott Chancellor, who's, let's, Jeff, Taimur Rashid, AWS's, Rashid, it's, Tim Bray, Bray, Marc Benioff, Salesforce, Chancellor, MARK RALSTON, He's, Trump, Donald Trump's, Jeff Wilke, it'll, didn't, Ashley Stewart, Eugene Kim Organizations: Amazon, Amazon Web, Seattle, Charterhouse, Wedbush Securities, Services, AWS, they're, Harvard, New York Times, Redis Labs, Amazon ., Getty, Lawmakers, Defense Department, Microsoft, Black, Google, Netflix, Black Employee Network, African, Lambda, Web Services Locations: Parma, Jassy, manila, Bezos, AFP, DynamoDB

☆ Jeff Bezos will step down as Amazon's CEO later this year and be replaced by AWS CEO Andy Jassy
▼ + stars: | 2021-02-02 | by ( Avery Hartmans | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Jeff Bezos will step down as Amazon CEO in the third quarter of 2021. Andy Jassy, the CEO of Amazon Web Services, will replace him. AdvertisementAdvertisementAndy Jassy, the CEO of Amazon Web Services, will replace him. The cloud CEO helped build AWS into a massive unit that generates over $40 billion in annual revenue. AdvertisementAdvertisementAre you an Amazon Web Services employee?

Persons: Jeff Bezos, Andy Jassy, Bezos, —, Jassy, Ashley Stewart Organizations: Amazon Web Services, Service, Amazon, Fund, Washington Post, Services, Web Services Locations: Jassy

Search resuls for: "AWS's"

22 mentions found